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Google
TYCO International Scandal by
Heptagon

Amani Samuel Allycia Shane

UDE210102 UDE210111 UDE210194 UDE210114

Yin Tian Khairunnisa Irdina

UDE210141 UDE210134 UDE210190
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Contents

Google TYCO International Scandal by Heptagon

Introduction of TYCO International

SLIDE 3 - 7

The effects that companies or persons faced from the fraud

SLIDE 8 -13

Component of internal control that could help avoid the fraud case.
SLIDE 14 - 16

What happened to TYCO International in the present time?

SLIDE 17 - 18
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Introduction of TYCO International

Google TYCO International Scandal by Heptagon

LOGO
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Introduction of TYCO International

Google TYCO International Scandal by Heptagon

BACKGROUND OF TYCO

- TYCO INTERNATIONAL PLC

- SECURITY SYSTEM COMPANY
- LOCATED IN REPUBLIC OF IRELAND, PRINCETON, NEW JERSEY, UNITED
STATES
- FOUNDED IN 1960 BY ARTHUR J. ROSENBERG
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Introduction of TYCO International

Google TYCO International Scandal by Heptagon

WHAT DO THEY DO?

- MANUFACTURING SECURITY SYSTEMS AND SOLUTIONS

- ENGAGED IN OTHER INDUSTRIES
- EG; CHEMICAL & PETROLEUM
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Introduction of TYCO International

Google TYCO International Scandal by Heptagon

BIGGEST ACHIEVEMENT

- JOHN F. FORT
- REVENUE RAISED
- $34 MILLION TO $500 MILLION
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Introduction of TYCO International

Google TYCO International Scandal by Heptagon

THE DOWNFALL

- L. DENNIS KOZLOWISKI
- SCANDALS DISCOVERED
- EG; CONDUCTING A SCAM
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The effects that companies or persons faced from the fraud

Google TYCO International Scandal by Heptagon

1) The Company Had Suffered

a Drastic Loss
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The effects that companies or persons faced from the fraud

Google TYCO International Scandal by Heptagon

2) Faced a Huge Challenge

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The effects that companies or persons faced from the fraud

Google TYCO International Scandal by Heptagon

3) Tried to Revive the Company

With a New Strategy But Failed
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The effects that companies or persons faced from the fraud

Google TYCO International Scandal by Heptagon

4) Improper Employee
Termination
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The effects that companies or persons faced from the fraud

Google TYCO International Scandal by Heptagon

5) Bribery
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The effects that companies or persons faced from the fraud

Google TYCO International Scandal by Heptagon

6) Accounting Fraud
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Component of internal control that could help avoid the fraud case.

Google TYCO International Scandal by Heptagon

1. Accounting information and communication system

• Strictly controlled will give effectiveness in terms of in and out entry procedures of
financial transactions.
• Keep track of every transaction that occurs at all times.
• Capable of tracking where transactions are initiated, recorded processed and reported from
the inception of a valid transaction until it is entered into the financial statements accurately.
• An important component that needs to be taken into account by all parties involved
because it is evidence of the financial reporting process on other events and circumstances.
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Component of internal control that could help avoid the fraud case.

Google TYCO International Scandal by Heptagon

2. Monitoring

• The review of an organization’s activities.

• The board should evaluate supervisory and management activities.
• The system of internal control periodically reviewed by management.
○ Have not lost due to turnover.
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Component of internal control that could help avoid the fraud case.

Google TYCO International Scandal by Heptagon

3. Control Activities

• The procedures and policies that help ensure management’s directives

are carried out.
• Preventive control activities:
○ Aim to deter the instance of fraud or errors.
○ Prevent undesirable "activities”
• Proper flow chart and standard operating procedures.
 TYCO Intern.. The effects.. Component.. What happe..

What happened to TYCO International in the present time?

Google TYCO International Scandal by Heptagon

What happened to TYCO International in the present time?

❖ Tyco positioned to be served as a laboratory for governance to reform

❖ Tyco appointed Edward D. Breen as the new president, CEO and chairman of Tyco

❖ Tyco have the potential to become a successful business

❖ Tyco merged with Johnson Controls

❖ Tyco International is steadily improving and will become one of the most successful business
in the future
 TYCO Intern.. The effects.. Component.. What happe..

What happened to TYCO International in the present time?

Google TYCO International Scandal by Heptagon

The emergence of Tyco with Johnson Controls

Merged with
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Conclusion

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Conclusion
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Conclusion

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Conclusion
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Conclusion

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Conclusion
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Conclusion

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Conclusion
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 Conclusion Link – Vide..

Link – Video Presentation

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hc8X7I1AKMTHWgiIwts/view?usp=drivesdk
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